Qatar cuts February crude prices less than expected

SINGAPORE: Qatar has set its February retroactive official selling price (OSP) for its Marine crude at $63.40 a barrel, down $3.55 from the previous month, a source with knowledge of the matter said on Tuesday

Qatar also set the February OSP for Qatar Land at $65.50 a barrel, down $3.60 from the previous month, the source said

OSP differentials to Dubai quotes for Qatar Marine fell 8 cents, while that for Land crude was down 13 cents

The price cuts were smaller than expected as the grades traded at wider discounts last month, traders said

This could put downward pressure on differentials for May-loading cargoes which will trade later this month, they said

The following table shows the latest OSPs and their differentials to Dubai in brackets.